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call today from the international energy agency. fueling that energy renaissance: a boost in oil and shale gas because of new technologies like fracking. the group also expects the u.s. wille a neexport by 2030, meaning we'll sell more oil than we bring in. right now the u.s. imports 20% of its energy needs. >> susie: so our word on the street tonight is "oil". joining us, gregg greenberg, reporter at the street.com. hey, gregg, i know you have been talking to a lot of oil experts today. it's kind of hard to imagine the u.s. after all these years being energy independent. what were they telling new what did you hear? look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have to be a little bit keptic. >> susie: all right, but if you do beli
in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new york stock exchange is a good barometer for the worrywarts out there. wall street veteran teddy weissberg says many investors are just plain upset. >> there was an expectation that we would have some change and a change in the policies. and, i think with obama getting re-elected there are a lot of folks that are not happy, and we're kind of seeing that in the stock market. >> reporter: but, others say it's not just the disappointment of romney's loss, it's that the fiscal cliff now looms large on wall street. >> i think the big issue right now is the fiscal cliff, now that the election is behind us everyone is really focusing on what's going to happen at the end of this year, and of course if nothing's done by the end of the year that may very well mean a recession as early as next year. >> reporter: still, the best news for equity investors is that the election was decisive. the next few days or weeks will not be dominated by challen
. the info technology sector was the hardest hit, down 0.8%, followed by financial and energy groups. now, after the closing bell, the focus was on cicso systems. the internet gear maker reported its quarterly results late today. and those results were two cents better than estimates. net sales were up from last year, too, and higher than expected. c-s-c-o has been undergoing a restructuring for the past year, managing uncertain demand for its telecommunications equipment's pinched profit margins. the stock was flat before tonight's earnings report. shares were up about 4% in extended hours trading. now, as erika reported earlier, home depot's strong third quarter earnings and optimistic tlookeallhelped drive buying interes today's 3.6% rally came on more than double its usual volume, and takes the stock to its highest price since 1999. but the buying interest did not extend to home depot's main rival, lowe's. lowe's shares were essentially unchanged even though volume was slightly heavier than average. home depot wasn't alone in reporting strong earnings. dick's sporting goods boosted fu
energy prices. without food and energy, core inflation was up two tenths of a perce.re wan troll s eet, the dow fell 28.5 points, the nasdaq was down almost ten, and the s&p 500 dropped two. if you want to know how the economy is faring, it pays to keep an eye on walmart. after all, it has over 10,000 stores across the globe, selling more than $1 billion worth of stuff every day. it earned $1.08 per share in the third quarter, a penny more than estimates, and up 11% from last year. but revenues were a little shy of forecast, and walmart's outlook for this quarter was less than anticipated. compare that to rival target's quarterly earnings-- four cents better than expectations at 81 cents a share and a holiday outlook that didn't disappoint. erika miller reports on what the results say about all-important the holiday season. >> reporter: $3.6 billion. that almost unthinkable number is what walmart earned in the third quarter alone. it works out to about $40 million in profits a day. to wall street analysts, it's proof the company's turnaround strategy is working. >> what walmart does so
; just under 1.9 billion on the nasdaq. the energy sector led the sell- off, down 1.7%. consumer stocks were weak, falling 1.6%. and the tech sector was down another 1.4%. technology has been particular weak in this recent market sell- off. new product launches from apple and microsoft have not been enough to erase worries about consumer and company spending on technology. the sector exchange traded tells the story-- it fell 1.4% today at a three and a half month low. internet networking gear maker cisco systems was among those leading the way lower. it fell 2.2%. cisco is due to report earnings next week, giving investors a peak into its turnaround effort and corporate tech spending. the holiday sales may be starting earlier than ever this year, but some retailers, they've seen investor sales hit their stock prices. kohl's and coach target different types of shoppers, but both suffered stock drops. coach fell 5.3%. coach's business has been helped by its stores in china. a new set of communist leaders are expected to be announced in china in the coming days. meantime, kohl's fell 5.1%,
.e.o. of utility, next era energy on the dividend cliff and how tax hikes on dividends could impact his shareholders. >> tom: finally tonight, after all the billions of dollars spent on the election, those in office now have to work together to solve problems. and that's exactly what lou's been thinking this week. here's author and educator lou heckler. >> i used to tell people that when i ruled the world, everyone would have the same title on their business card: problem solver. isn't that why most of us get paid? a friend of mine asked recently, why is it that so many people just seems to want to argue rather than find an actual solution? good question! i think there might be at least three reasons. inertia: awful lot of people, even though they may argue this, like things just the way they are, even if things are broken. uncertainty: maybe they've been burned a few times or maybe they just hate not knowing the absolute right answer. maybe they have had bosses in the past who have not been very forgiving when mistakes were made. laziness: i feel bad even including this one, but i am
Search Results 0 to 28 of about 29 (some duplicates have been removed)

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